Abu Dhabi-based Oasis Leasing has signed its second agreement, within a week, with Canada's flagship airline, Air Canada. The company has finalized the purchase and long-term leaseback of two Bombardier CRJ-100ER aircraft.
Oasis worked with German Bank LB Kiel to provide the financing for the transaction. The news follows the earlier acquisition of a new Airbus A321 passenger jet, which will be on lease to Air Canada for 10 years.
The Bombardier CRJs were manufactured in 1997 and are powered by two GE CFM34-3A engines. They are capable of carrying up to 50 passengers and are normally used on short haul routes, providing feeder services from hub airports to smaller destinations, or on lower density routes. There are currently 673 CRJs in service with 39 operators, including, Comair, Skywest Airlines and Lufthansa Cityline.
Oasis has announced a number of new transactions in the third quarter of the year. In announcing its profitable half-year results, the company's Chairman Mohammed Saif Al-Mazrouei and Dixon committed to executing further growth. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
